USD/JPY Technical Analysis: looks north on descending broadening channel breakout
The USD/JPY pair is looking north, having cleared the crucial resistance of 109.57 earlier today.
4-hour chart
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- As seen above, the pair has found acceptance above 109.57 - the upper edge of the descending broadening channel. That bull breakout indicates a resumption of the rally from the lows below 105.00 and is backed RSI's break above the falling trendline.
- As a result, the pair could soon test the psychological resistance of 110.00.
Trend: bullish
USD/JPY
Overview:
Today Last Price: 109.76
Today Daily change: 0.25 pips
Today Daily change %: 0.23%
Today Daily Open: 109.51
Trends:
Daily SMA20: 109.07
Daily SMA50: 110.78
Daily SMA100: 111.86
Daily SMA200: 111.26
Levels:
Previous Daily High: 109.58
Previous Daily Low: 108.73
Previous Weekly High: 109.74
Previous Weekly Low: 108.5
Previous Monthly High: 110
Previous Monthly Low: 104.75
Daily Fibonacci 38.2%: 109.26
Daily Fibonacci 61.8%: 109.05
Daily Pivot Point S1: 108.97
Daily Pivot Point S2: 108.42
Daily Pivot Point S3: 108.11
Daily Pivot Point R1: 109.82
Daily Pivot Point R2: 110.13
Daily Pivot Point R3: 110.68